if no credibility in the markets then fee stream will be hacksawed; look at the values of all their listed property and infrastructure satellites, they are stuffed; and the same goes for their unlisted funds even though they "claim" this is not the case; they have lost over 90% of investor funds in some of these and they claim to be a leading financial adviser that can hook the big fish - they are going to need a bunch of luck to just stand still; can't do any more equity raisings at these levels; should just sack a few floors in martin place and get it over with already
lenders must be nervours with a large corporate debt number and declining fees and sentiment
gutsy ones stayed in over weekend; smart ones said enough and it showed in the close, down on a strong day has a bad whiff about it; has the body started to decompose already?
MQG Price at posting:
$22.35 Sentiment: None Disclosure: Not Held
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